20 Followers USX:MNST - Monster Beverage Corp Monster Beverage Corp
Sector: Consumer Staples, Industry: Soft Drinks
Next Earnings: 2 May 2024
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USD 53.14    -0.32 (-0.60%)

19 Apr 2024


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General

CEO: Mr. Rodney Cyril Sacks H.Dip.Law, H.Dip.Tax

IPO: 1995-08-18

Headquarters: US

Employees: 4,607

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Description

Monster Beverage is a leader in the energy drink subsegment of the nonalcoholic beverage market, generating two thirds of revenue in the US and Canada. The well-known Monster trademark includes brands such as Monster Energy, Monster Ultra, Java Monster, and Juice Monster. The firm also owns other energy drink brands, such as Reign, NOS, Burn, and Mother, and brews and distributes beers and flavored malt beverages following the acquisition of a craft brewer in 2022. Monster controls branding and innovation but outsources beverage manufacturing and packaging to copackers and finished goods distribution to bottlers in the global Coca-Cola system (pursuant to a 20-year agreement inked in 2015). Coke is the largest shareholder of Monster with a 19.5% stake.

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